The value of a stock share in a new technology company has been increasing at a rate of 8.6% quarterly. The initial price of one
2 answers:
Answer:
The equation is :
Step-by-step explanation:
The given rate of interest = 8.6% or 0.086
The initial price of one share was $102.15. An investor plans to sell once the value of one share reaches $233.10.
No, if 't' is the number of quarters since the initial price of one share was set, then the equation that could be used to determine how long it will take the share to reach $233.10 is :
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Answer:
The first option so is the answer
<u>Skills required: Graphing Knowledge, Systems Knowledge</u>
Step-by-step explanation:
1) The solution to any system is the intersection between any 2 lines or functions. In this case, we are given two functions on a graph, and need to find the solution to them. That is the intersection.
2) We can see the intersection and see that the x-axis value for the coordinate point is around 3 1/2 (or 3.5 -- whatever you prefer), and that the y-axis value for the point is -4.
Therefore, the coordinate point is: since this answer best matches the coordinate values of that point.
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Select the first option, have a nice day! :D